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Bayarkhuu, 47, is a librarian and she has been working for 16 years nonstop in the college library in Darkhan, the second largest city in Mongolia. She is a widow and lives with her daughter in her studio apartment. Byarkhuu uses a furnace which uses coal to stay warm at home. Her daughter always has the flu due to feeling cold. So, Bayarkhuu wants to make repairs to her apartment. She is planning to put insulation in the windows and the wall corners. She will recover some broken and bad parts of the walls with cement and foam. This will reduce heat loss and Bayarkhuu will pay less for coal. Using coal is very harmful for her family's health and the environment, as she knows.

Although Mongolia has the lowest population density in the world, it is one of the most polluted countries in the world. This is due to the long and cold winters where temperatures frequently go below -40C (-40F) even in the cities. Also, in winter, many parts of the country are extremely cold and are known to have snow storms. Both homes and nomadic tents burn a lot of fuel and emit huge amounts of pollution every night from families just trying to stay warm. In addition, the extremely toxic smoke from cars is one of main reasons for Mongolia's air pollution. In response to this, Credit Mongol offers Green Loans to their clients to make home improvements that reduce heat loss and improve heating systems and to buy cars that run on natural gas. The loan Bayarkhuu is taking will be dedicated to buying some building and insulation materials for her home repair.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

About Credit Mongol

Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Bayarkhuu to buy some building and insulation materials for her home repair.
100% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Sep 10, 2012
Sep 24, 2012
Currency Exchange Loss:
May 17, 2013